about the possibility other soy dollar edition, The official stated thatIt is not on the agenda items of which the officials of the Ministry of Economy meet weekly”. “There is nothing, but each one can make the interpretation that they want, each one is free to do it and I respect it,” he added.
It is worth remembering that the Central Bank ended Friday with a negative balance of US$49 million in its interventions in the exchange market, with which throughout the week it sold $470 million, the worst result since early November. In this way, the monetary agency accumulated a negative balance of US$903 million in February.
Also on Wednesday, the BCRA ended with a negative balance of US$292 million, the highest daily amount since November 2021 (US$299 million). It was due, in large part, to an energy import payment for US$262 million, BCRA sources indicated to Ambit.
The impact of the drought
In another part of the interview, the Secretary of Agriculture assured that the drought generated “a first loss” in the crops: “We went from 22 million tons to 13.4 million tons in the case of wheat.”
However, he said that the Ministry of Economy is “cautious regarding the estimate in monetary terms.” “You have to see how the crops evolve and also the prices, because there may be some compensation there, but undoubtedly we are not going to have the volumes that we had in previous years. This is undeniable. The drought has also hit livestock producers and dairy farmers hard”, he explained.
In another order, he assured that the objective will be to guarantee the grain harvest volumes for internal demand, although he admitted that less will be exported: “It can be fulfilled, even with this number that is a little more austere in volume of wheat, with the commitments of the internal and external markets, lacking exportable balance. If there were more, we would export more“, hill.
Source: Ambito
